A ribbon cutting ceremony attended by local, state and Omni company officials marked the grand opening of the 800-key Omni Nashville Hotel, possibly the most anticipated hotel development in Nashville.

CNL Growth Properties, a real estate investment trust, has partnered with Crescent Communities LLC on the $40.3 million development of Crescent Cool Springs, a Class A, garden-style apartment community in Franklin, Tenn., which sits about 15 miles south of Nashville.